TechFlow reports that on March 17, according to on-chain analyst Spot On Chain (@spotonchain), a whale holding 1,500 bitcoins, after remaining inactive for 1.5 years, transferred 300 bitcoins (worth $25.1 million) to FalconX approximately three hours ago.
This whale originally accumulated 1,500 bitcoins from Cumberland on August 18, 2023, at a price of $26,353 per bitcoin (totaling approximately $39.5 million). The current movement of this whale's assets is as follows:
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300 bitcoins ($25.1 million) transferred to FalconX, at a transfer price of approximately $83,707
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1,050 bitcoins ($87.2 million) moved to two new wallets
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150 bitcoins ($12.5 million) remain in the original wallet
The whale's estimated total profit from this Bitcoin investment amounts to $85.7 million, representing a return of 219%.
